Bitcoin has continued its bull run, drifting up to 56K. We are currently meeting some resistance from a technical level at 56.8K. It does seem like momentum is starting to dry up, so watch for a retracement to support in the value area between 52.8K and 55.7K. If this does not hold, we should find support at 50K. The Kovach OBV is still strong, however. We have multiple levels of resistance before we can consider 60K, including 57.7K and 59.4K.
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